The latest part of the Biden Administration's student loan relief effort is an income-driven repayment (IDR) plan known as the SAVE Plan. In this video, I'll explain how the SAVE Plan could lower your student loan payments, make loan forgiveness easier, and more.
Free Article
You're reading a free article with opinions that may differ from The Motley Fool's Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More
The newest income-driven repayment plan could save you money and make paying your loans easier.
About the Author
Matt Frankel, CFP, is a contributing Motley Fool stock market analyst and personal finance expert covering financial stocks, REITs, SPACs, and personal finance. Prior to The Motley Fool, Matt taught high school and college mathematics. He holds a bachelor’s degree in physics from the University of South Carolina, a master’s degree in mathematics from Nova Southeastern University, and a graduate certificate in financial planning from Florida State University. He won a SABEW award for coverage of the 2017 Tax Cuts and Jobs Act. He is also regularly interviewed by Cheddar, The National Desk, and other TV networks and publications for his financial, stock market, and investing expertise.
The Motley Fool has a disclosure policy.
Matthew Frankel is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
Related Articles
This Is the Average 401(k) Balance for Retirees Age 60 and Older
This Is the Average Social Security Benefit at Age 67
Most Early IRA Withdrawals Get Hit With a Fee -- But 3 Exceptions Could Save You
3 Problems With 401(k)s All Retirement Savers Should Know About
If I Could Tell All Retirees 1 Thing About Social Security, I'd Say to Do This Before You Claim Benefits
Premium Investing Services
Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.